People's Bank of China
4.As part of a new package of preferential policies offered for the same purpose by the state in June 1997, the People's Bank of China will offer 100 million yuan in a discount-interest loan a year during the Ninth Five-Year Plan period (1996-2000) for the construction of an ethnic trade network and the technological transformation of the designated enterprises for producing ethnic articles for daily use, and the state-owned ethnic trade enterprises and grass-roots supply and marketing cooperatives below the county level (excluding the county) shall be exempt from value-added tax.
